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20121129
20121207
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CSPAN2 13
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Search Results 0 to 12 of about 13
CSPAN
Nov 30, 2012 5:00pm EST
was going to be covered. with all due respect to my friend, president clinton, and gingrich who had been running around in recent years patting themselves on the back for having generated surpluses i truly believe that the surplus of the 90's what tv coverage generated by the agreement that came out of what tom foley and george mitchell and bob michael and bob dole and especially george herbert walker bush did with the budget enforcement act which required those budgets to make sure that they did not spend more than they took in and i think the surpluses of the 90's were the best legacy if you will of the budget agreement of 1990. thank you, governor. >> let's turn to my old boss, the former chairman of this particular committee, and by the way, a little fact, he will remain in history as the longest serving chairman of this committee because of term limitations replaced after his departure. so, senator? >> thank you, bill and governor sununu for your interest in remarks. it's interesting to see how things are similar how the response in the action of the congress is different back then
CSPAN
Nov 29, 2012 5:00pm EST
saw in 1997 again when capital gains cut under president clinton's and the republican congress leadership. it followed a surge investment of growth in the late 1990's. again after the 2003 tax rate cuts, we saw another example of the power of low rates. this was the 2003 rates, the 2003 tax cuts. in the six quarters before 2003, the economy lost six million jobs. in the quarter after, the economic growth nearly doubled and 2.3 million jobs were added. some tax advocates may assert a willingness to accept lower economic growth in the cause of deficit reduction and that's a legitimate point of view. that we need to have slower economic growth because deficit reduction is so important. but i would also just point out some statistics there. slow growth also means less tax revenue. the white house's own data suggests that even a .26% reduction in economic growth, so .26% reduction in economic growth, which is likely with big tax hikes, would wipe out the entire $800 billion in promised deficit reduction from higher tax rates. growth is so incredibly important to reducing our debt an
CSPAN
Dec 5, 2012 9:00am EST
. they also want us to begin to balance the books just like we did under president clinton with a sensible, balanced approach, one that led to increasing wages across the board, increasing productivity, increasing employment, and a budget surplus in 2000 before president george w. bush took over. last year we cook a step in that direction. we cut $1 trillion in federal spending, we don't hear much about it particularly from the other side of the aisle. but what it means is that every discretionary program will see less funding for the next decade, which will have a huge impact on my state and every state in this country. now, if we're going to cut spending on education, research, and transportation to the tune of approximately $1 trillion, i think most americans recognize that the other side of the equation has to be considered. revenue needs to be part of the balance plan to reduce the debt. and the simple fact of the matter is that virtually every expert panel and commentator has said clearly in order to reduce the deficit to a sustainable level, revenues have to go up. it's a matter of
CSPAN
Dec 4, 2012 9:00am EST
clinton and state counselors have been engaging for some time, and that is can we get a better answer than we have had in the past two how a new rise in power comes to the international system. and can we do so without running significant risks or indeed fall into conflict. >> thanks. please. >> i agree with everything the undersecretary has said your, and, in fact, admiral sam locklear underscore those pushes a couple days ago in australia. talking about engagement and that strategic trust. but it's interesting that the chinese tend to look at the american, ma asia pacific give it a sort of a continuing strategy. which speaks to the inability to really communicate with strategic effect. and i think you touched, steve, on a very important piece which was a seniority complex and if i can put it that way. china has felt that they were abused by major powers to the 19th century and well into the 20 century, and that has an interesting counterbalance, which is a seemed a bit of a superiority complex about the solutions that they are building on how china images as a global power. the disconten
CSPAN
Dec 4, 2012 12:00pm EST
representative cole if we restore the clinton tax rates today than in ten years, 2022, we have the deficit where it should be. >> guest: he is certainly correct to generate a great deal more revenue. if we did that let's say they made for under $50,000 that is a 2,000-dollar tax increase and again i don't think the president wants to do that. he said he doesn't want to do that our side doesn't want to do that. you know, going back to the clinton tax rate, and remember the average american family has taken a terrific hit. the median household income for years ago when the president became the president was around $54,000 a year and is about 50 now. so this portion of the population which is gotten squeezed tremendously i don't think adding an extra tax at the 98 percent is going to, number one, be very helpful to the more helpful to the economic growth. number two it's how much you want the folks to pay? so again, freezing those tax rates with an overwhelming majority of americans is a smart thing to do, we ought to do it and both sides say they want to. >> host: and you said earlier on -- >> gue
CSPAN
Dec 6, 2012 12:00pm EST
chief of staff for president clinton -- "democrats must move on entitlements and a cliff deal. he said we're going to have to reduce the cost of entitlement programs. senator conrad, the chairman of the budget committee, said we need, we absolutely need to enact fundamental reform in our entitlement programs. he was warning that social security is -- quote -- "headed for insolvency" and senator durbin said ignoring entitlement reform is not a responsible approach. to be sure these programs last, and this is a good time to look at both revenue and spending and surely in a senate that works like the senate should work, we can find out how to do both of those things. my friend from wyoming just talked about the death tax, the estate tax. this is another area for all the reasons he mentioned that we need to look at doing something about this tax before it goes back to the taxable levels of ten years ago. there are two million family farms. our farms and ranches in the united states -- two million and 98% of them, almost 2 million, are owned by individuals, family partnerships and family co
CSPAN
Dec 4, 2012 5:00pm EST
president clinton to cut tax rates. many democrats opposed him then because the tax cuts were unfair, favoring the highest-income americans. to overcome that obstacle, the republicans resorted to a parliamentary technique, budget reconciliation, a maneuver that allowed for passage of their tax cuts but forced them to expire after 2010, at the end of the ten-year budget window. so we scroll forward to 2010. as 2010 ended, president obama and many democrats in congress, including myself, wanted to extend the tax cuts for middle-class families but let rates on income above $200,000 for an individual and $250,000 for a family revert to the clinton era levels. our senate republican friends filibustered that effort, refusing to allow the middle-class tax cut without a tax cut for the highest incomes as well. their hostage strategy worked that time and the president and senate democrats reluctantly agreed to extend the tax cuts for two more years. so now the two years is up and these tax rates are again set to expire. that's why senate democrats passed the middle-class tax cuts act in july.
CSPAN
Dec 5, 2012 5:00pm EST
president bush, president clinton, second president bush, now president obama. none of those other presidents were treated in the way this president is treated. it's something senate democrats have never done in a lame duck session, whether after a presidential or midterm election. in fact, the senate democrats allowed votes on 20 of president george w. bush's judicial nominees, including three circuit court nominees in the lame duck session after the election in 2002. i remember i was the chairman of the judiciary committee. i moved forward on those votes, including one very controversial circuit court nominee. the senate proceeded to confirm judicial nominees in lame duck sessions after the elections in 2004 and 2006. actually, in 2006, we confirmed another circuit court nominee. we proceeded to confirm 19 judicial nominees in lame duck sessions after the election of 2010, including five circuit court nominees. the reason i'm not listing confirmations for the lame duck session at the end of 2008 is because that year we proceeded to confirm the last ten judicial nominees approved
CSPAN
Dec 3, 2012 5:00pm EST
looks forward to the event. >> this president clinton have any remarks were suggestions to president obama through their golf game on the fiscal cliff? >> for reasons that would be apparent to anybody who's seen me sitting at golf club i was not there and therefore do not know. [inaudible] >> and a president obama enjoyed the session, but beyond that i don't have anything else for you. [inaudible] >> can you give us more detail about who will be here, how many end the dialog does not already part of the conversation? >> the president looks forward to the meeting. i think we will have details on that later this evening. i don't have a list for you. >> in concept, talk about what experience governors have, what is hoping to hear every day. >> governors have a lot at stake in this process. they've been interesting seeing washington get its fiscal house in order. they see action to ensure that the economy continues to grow. governors broadly speaking having an interest in washington making wise investments and rebuilding our infrastructure. they obviously have a stake in our health care
CSPAN
Nov 29, 2012 9:00am EST
jefferson clinton, if you look back to that year you will find that at that point in time our revenues reflected 19.6% of our gdp, and our spending reflected 19 points 6% of gdp. where are we today? you get different essence. warren buffett yesterday in "the new york times" said 15.5% of our gdp is coming in of revenue. i've heard lower figures, and the spending side of it is summer in the range of 22-24%. well, that to me is the reality of what has happened. we have seen a decline in tax revenue and an increase in spending for a variety of reasons we could go through. if we're serious about deficit reduction in the years to come we've got to move back towards the golden mean 19 points six. the closer we can get our revenue to 18% of level, as we weigh down spending, the more likely we are to have a stable economy in the years ahead. let's talk about what's happened since that time when we did have our budget in balance. danya in a way updates are figures from time to time. but let's take a look at where we are today. compared to where we were fiscal year 2001 when the federal governme
CSPAN
Dec 6, 2012 9:00am EST
that president was in cambodia right after the election. he was in burma. secretary clinton moved widely throughout the region as does secretary panetta. and the amount of activities that i do and my forces do have been a prompt jump in what we've done in the past, and we're looking for opportunities to do more exercise. we're doing more of those things already. i think it's visible to our allies. i think it's visible to our partners. not to be invisible to the region. we also want to jump, where's the next summary our aircraft carrier, that's always the sake of. and we will, over time as you heard secretary panetta said, we will rebalance our navy towards the pacific, and i party mentioned in my opening remarks, we are rapidly moving our most capable assets in the region because of some of the ballistic missile defense will be facing of those types of things. so i think it's not about one thing. it's about a holistic approach, and what if you on the military side is only one aspect of a. it's got to be tied to what's happening in the economic side in what's happening in the diplomatic s
CSPAN
Dec 6, 2012 5:00pm EST
's done a great job as i think the clintons did, and raising two young girls. under very intense bubble, for himself personally but also the with gigabytes of his time. from what i've read he's never missed a parent teacher conference. if the president of the nfa of the net states and never misses a parent teacher conference, none of us should either. [inaudible] >> i've never said that. what i said is there is no parallel between fidel castro and barack obama or any american politician. fidel castro has never been elected to anything. never run for office. that's not anytime what i've ever said. i can tell you i don't parallel between places of government dominate the economy. but cuba goes well beyond the. cuba is not just about government dominate the economy. cuba is about getting beat up on the side of the churchhe has you dare to speak out against the government. that doesn't happen you. so i'm not anyway drawing parallels. [inaudible] >> i don't know if that's a way to put it. i think our future economic options have been diminished by some of the choices made by the president, b
CSPAN
Dec 5, 2012 12:00pm EST
in northern mali at our peril. in fact, secretary clinton has recently said that mali has now become a powder keg of potential instability in the region and beyond. the top american military commander in africa, general carter hamm, said publicly just this week that al qaeda's operating terrorist training camps in northern mali and providing arms, explosives and financing to other terrorist groups in the region. so i believe it's critical that the united states have a strong and comprehensive policy to deal with this threat. i'm concerned that the current u.s. approach may not be forward leaning enough to address all three crises -- security, political and humanitarian -- in a coordinated, comprehensive and effective way at the same time. given the compelling u.s. interest in stability and security and good governance in mali, we must ensure we don't miss the bigger picture of what this situation means for the future of mali, to our allies, and to our security. the u.n. security council is now considering what they call a concept of operations for an african-led military operation. the u.s. c
Search Results 0 to 12 of about 13